ECONOMY

Last year, “Kazmortransflot”, a subsidiary of Kazakhstan’s national company “KazMunayGaz” (KMG), transported 59.4 thousand containers in twenty-foot equivalent (TEU) on the Aktau-Baku-Aktau feeder line. Elchi.az reports this with reference to the official information of “KazMunayGaz”. According to the information, the volume of transportation increased by more than 15 percent compared to 2024 (51.4 thousand TEU). […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 0.94% to 4,642.24 US dollars. The price of March 2026 […]

The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil increased by 3.21 US dollars or 4.68% to 71.75 US dollars. It should be noted that the previous price of Azerbaijani oil was 68.54 US dollars. It should […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 14, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0394 manats. The Euro decreased to 1.9795 manats, and Russia’s 100 rubles decreased to 2.1559 manats.

The US Energy Information Administration (EIA) has increased its forecast for the average price of Brent crude oil in 2026 by 1.43% to $55.87 per barrel from $55.08. Elchi.az reports with reference to the institution’s report that the price of Brent crude oil in 2027 will average $54.02/barrel. The Ministry expects oil prices to fall […]

A new deputy head has been appointed to the State Control Service for the Use and Protection of Water under the State Water Resources Agency of Azerbaijan (SİMDNX). Elchi.az reports that this position has been entrusted to Aliaga Azizov. It should be noted that A.Azizov was born in Sumgayit in 1996. In 2017, he graduated […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has risen in price in world markets. Elchi.az reports that the price of Azerbaijani oil per barrel increased by 0.03 US dollars or 0.04% to 68.54 US dollars. It should be noted that the previous price of Azerbaijani oil was 68.51 US dollars. It should be reminded […]

The price of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.18% to $4,606.56. The price of March 2026 futures for […]

The value of the March 2026 contract for Brent oil exports increased by 0.36% to $64.1 per barrel during trading operations on the ICE London Intercontinental Exchange. According to Elchi.az, the price of 1 barrel of WTI oil for export in March 2026 on the New York Mercantile Exchange “NYMEX” also increased by 0.72% to […]

There are great prospects for the development of cooperation between Azerbaijan and the USA in economic-trade, energy, investment, transport-transit, industry and other fields. Elchi.az reports that this was stated at the meeting between the First Deputy Minister of Economy of Azerbaijan, Elnur Aliyev, and the Regional Director of the US Trade and Development Agency (USTDA), […]